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Israel: Defense export rivals get big antitrust exemption

 |  November 10, 2014

Israel’s two leading defense export companies are slated to earn relief from their rivalry as authorities have allowed the firms to divide the market between themselves.

Reports say state-owned Israel Aerospace Industries and public firm Elbit Systems have been given a waver to move forward with overseas joint venture projects without first notifying antitrust authorities of their plans.

Reports say the waiver will take effect in 2015 and stay in place until 2019. The nation’s Antitrust Authority granted the waiver on the condition that any overseas operator chosen for sub-contracting jobs cannot harm competition for Israeli defense contractors.

The Authority also capped joint bids at 10 percent of annual sales of either company involved, say reports.

Full content: Haaretz

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